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Evolution of electricity markets: Does sequencing matter?

✍ Scribed by Karsten Neuhoff; David Newbery


Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
460 KB
Volume
13
Category
Article
ISSN
0957-1787

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## Abstract This paper extends the literature on finance and investment by examining the source of finance constraints on the firm's investment decisions. Using a panel of 714 Indian manufacturing firms for the period 1993–98, we find that the degree of β€˜finance constraint’ differs significantly ac